Raider Fraud Consulting

Blog Posts

I was watching an episode of American Greed on CNBC recently. The slick, fast talking con man was able to convince so many friends and neighbors to let him invest their hard earned funds that I was yelling at the television warning them of impending loss. At least with that show I knew that there would be some form of resolution where the culprit would be arrested, tried in court and face punishment. Yet the hurt, anger and confusion from …

Basketball player and coach Bill Cartwright once said “The triangle is the foundation to an offense”. He meant that as a comment on playing basketball but it is also a way to describe how people turn to fraud. Donald Cressey, a criminologist, wrote about the causes of embezzlement in a 1951 article. His description eventually morphed into something we know as the Fraud Triangle. This term identifies three conditions needed to create the right environment for fraud to occur. …

How would your company fare if it lost over $300,000 a year to fraud for several years? Last time I discussed the broad categories of fraud and the average impact they had on companies. Now I want to discuss more about fraud variations and what you can do about it. If you are a business with less than 100 employees billing schemes and corruption are most likely to impact your operations. Your industry plays a role in the types of …

I always cheer for the good guys and gals. Not the kind in the movies but the real ones who live and work every day trying to make our world a better place. The few times I got into fights growing up was when I was trying to stop someone from taking advantage of another. I didn’t always succeed but I felt better for trying. The opposite of those good people are the ones who avoid the hard work …

Why are small businesses susceptible to fraud? When you are focused on creating a company almost all of your time is spent on sales, operations, manufacturing, innovation and hiring. After all of that there is little time left to think about fraud. Not every company becomes a victim of a fraudster but enough do that it warrants some research. Every two years the Association of Certified Fraud Examiners conducts a survey to look at fraud internationally. The 2018 “Report to …